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One favorite parlor game: guessing how much chip makers will slash their capital expenditures in 2002.
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Despite the nasty surprise that European handset-maker Sony Ericsson will slash 2,000 jobs this coming year, the company's bleak second-quarter results came mostly as expected on Friday.
Satellite navigation chip maker SiRF Technology Holdings said Tuesday it will slash its workforce by 7% as it ratcheted down its sales guidance to between $60 and $62 million from between $71 and $77 million.
Monsanto, maker of the world's favorite herbicide, said it will slash nearly 5% of its jobs in a restructuring expected to cost up to $124 million; it still expects earnings per share to grow 4% to 6% in 2002.
Just today, Dow Chemical Co. said Monday it will slash 5,000 full-time jobs and Post-It makers 3M Co. announced cuts of nearly 1,800 positions in the fourth quarter.
Merck Chairman Raymond V. Gilmartin Raymond V. Gilmartin said the troubled Vioxx-maker will cut about 5,100 jobs by year's end, more than originally planned, and will slash hundreds of millions of dollars in spending, ABN Amro, the Netherlands' largest bank, is cutting 2,850 jobs as a result of falling profits.
That will slash margins.
These mini-jets will slash operating costs.
So, yes, I will slash my salary".
It will slash and shapeshift its way into your heart.
Pfizer will slash its stock dividend in half.
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